Nghipondoka dismisses link to video of man throwing cash

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WINDHOEK - Businessman Vaino Nghipondoka is unimpressed by being linked to a viral video showing a man throwing banknotes seemingly in a nightclub.

In the video, women, like eagles on a hare, scrambled for the flying banknotes – with each trying to catch as many as they could.

The video, captioned “Vaino Nghipondoka ta havaleke
oikumbu (Vaino Nghipondoka dishing out [money] to b**s)”, has gone viral and Nghipondoka has ordered his lawyers to study the matter for possible action.

Hailing from humble beginnings in Okalongo, Nghipondoka has built an impressive business empire, christened Profile Investment Holdings, which transcends across many business segments including ICT, food processing, fertilizer production, telecommunications, car hire services, farming, debt collection, civil works and building construction.
His businesses together have about 175 employees.

Through Profile Technologies, he owns 30 percent of MTN Namibia that is about to break into the local telecommunications market.

“Profile Investment Holdings wishes to distance its Executive Chairperson, Mr Vaino Nghipondoka, from a video currently circulating on social media, purporting to show him giving away money at a nightclub,” his company said in a statement yesterday.

“We would like to categorically state that the person in the video is not Mr. Vaino Nghipondoka as claimed by the title of the video.”

“Due to the immense damage that this video has made to our chairperson’s reputation and person, we have instructed our legal team to look at remedies that can be taken to correct these continued assertions and to limit their continued negative impact on his person and reputation.”

“Mr Nghipondoka is a firm believer in free speech and the rights of others, as long as it does not have irreparable damage to others’ rights,” the company said late yesterday.